Trade the Levels, Charts Can Adjust.
For Nifty +/- 5/6 Points and for Banknifty +/-10-12 Points, is allowed deviation
7690-7740 is enormous resistance for Nifty Spot and if cleared well, will become big support for the Month and vice versa.
Nifty Future
Weak below 7684-7688 and Strong above it. Main Support 7608 and 7638 - 7648 and Main Resistances 7706-7713 and 7740-7750. 7764 is Day Shocker. Day SAR is at 7631. 7567 (Sustaining Below) is Final S/L for Longs.
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Buy Above or Closer to 7688.20 Target1 - 7704.90 Target2 7733.05 Target3 - 7740.50 Target4 - 7761.20 Target5 - 7777.95 Target6 - 7794.70 Target7 - 7821.85 Target8 - 7848.95 S/L 7684.20-(aggr) /7659.05-(Cons)
OR
Buy Closer to or C.O Above 7631.95 - 7639.40 Target1 - 7667.50 Target2 - 7684.20-7688.20 Target3 - 7704.90 Target4 7733.05 Target5 - 7740.50 Target6 - 7761.20 Target7 - 7777.95 Target8 - 7794.70 Target9 - 7821.85 Target10 - 7848.95 S/L 7631.95 or Day's Low
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Sell Below or Closer to 7684.20 Target1 - 7667.50 Target2 - 7639.40 Target3 - 7631.95 Target4 - 7611.20 Target5 - 7594.45 Target6 - 7577.70 Target7 - 7550.55 Target8 - 7523.45 S/L 7688.20-(aggr) /7713.33-(Cons)
OR
Sell Closer to or C.O Below 7740.45 Target1 - 7688.20-7684.20 Target2 - 7667.50 Target3 - 7639.40 Target4 - 7631.95 Target5 - 7611.20 Target6 - 7594.45 Target7 - 7577.70 Target8 - 7550.55 Target9 - 7523.45 S/L 7740.45 or Day's High
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Banknifty Future
Weak below 15407-15415 and Strong above it. Main Support 15309-15385 and 15441-15456 and Main Resistances 15528-15534 and 15609-15634. 15762 is Day Shocker. Day SAR is at 15065. 15385 (Sustaining Below) is First S/L for Longs.
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Buy Above or Closer to 15414.65 Target1 - 15429.40 Target2 15457.50 Target3 - 15485.70 Target4 - 15586.50 Target5 - 15674.40 Target6 - 15762.30 Target7 - 15850.25 Target8 - 15938.15 S/L 15406.65-(aggr) /15322.75-(Cons)
OR
Buy Closer to or C.O Above 15234.80 - 15363.80 Target1 - 15392.00 Target2 - 15406.65-15414.65 Target3 - 15429.40 Target4 15457.50 Target5 - 15485.70 Target6 - 15586.50 Target7 - 15674.40 Target8 - 15762.30 Target9 - 15850.25 Target10 - 15938.15 S/L 15234.80 or Day's Low
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Sell Below or Closer to 15406.65 Target1 - 15392.00 Target2 - 15363.80 Target3 - 15335.65 Target4 - 15234.80 Target5 - 15146.90 Target6 - 15059.00 Target7 - 14971.05 Target8 - 14883.15 S/L 15414.65-(aggr) /15498.55-(Cons)
OR
Sell Closer to or C.O Below 15586.50 Target1 - 15414.65-15406.65 Target2 - 15392.00 Target3 - 15363.80 Target4 - 15335.65 Target5 - 15234.80 Target6 - 15146.90 Target7 - 15059.00 Target8 - 14971.05 Target9 - 14883.15 S/L 15586.50 or Day's High
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